ECONOMY ANALYSIS
Sensex, Nifty end in red on Budget day; Tata Power up 3%
ITC up 1.5% even though FM hikes excise duty on cigarettes
Budget 2014: FM aims 19.7% tax growth, divestment goal Rs
43425 cr
BEL up 6.86% on defence allocation of Rs 2.29 lakh cr
Union Budget 2014: PSU banks to raise Rs 2.40 lakh crore
MARKET ANALYSIS
The Indian markets ended a volatile session in the red as investors
absorbed details of the Union Budget presented by Finance Minister Arun
Jaitley in Parliament today.
The Budget was neither an out of the box idea nor there were any bitter
pills. The finance minister said he will try to meet the fiscal deficit target
of 4.1 per cent.
The 30-share index swung 803 points intraday before closing at
25,372.75, down 72.06 points or 0.28 per cent. It touched intraday high of
25,920.46 and a low of 25,117 in trade today.
The Nifty ended at 7,567.75, down 17.25 points or 0.23 per cent. It
touched an intraday high of 7,731.05 and a low of 7,479.05 in trade today.
The S&P BSE Midcap Index was up 0.60 per cent and the S&P BSE
Smallcap Index gained 0.76 per cent.
Among the sectoral indices, the S&P BSE Realty Index surged 4.96 per
cent, the S&P BSE Power Index gained 1.12 per cent and the S&P BSE
Metal Index moved up 0.94 per cen
Sensex, Nifty end in red on Budget day; Tata Power up 3%
ITC up 1.5% even though FM hikes excise duty on cigarettes
Budget 2014: FM aims 19.7% tax growth, divestment goal Rs
43425 cr
BEL up 6.86% on defence allocation of Rs 2.29 lakh cr
Union Budget 2014: PSU banks to raise Rs 2.40 lakh crore
MARKET ANALYSIS
The Indian markets ended a volatile session in the red as investors
absorbed details of the Union Budget presented by Finance Minister Arun
Jaitley in Parliament today.
The Budget was neither an out of the box idea nor there were any bitter
pills. The finance minister said he will try to meet the fiscal deficit target
of 4.1 per cent.
The 30-share index swung 803 points intraday before closing at
25,372.75, down 72.06 points or 0.28 per cent. It touched intraday high of
25,920.46 and a low of 25,117 in trade today.
The Nifty ended at 7,567.75, down 17.25 points or 0.23 per cent. It
touched an intraday high of 7,731.05 and a low of 7,479.05 in trade today.
The S&P BSE Midcap Index was up 0.60 per cent and the S&P BSE
Smallcap Index gained 0.76 per cent.
Among the sectoral indices, the S&P BSE Realty Index surged 4.96 per
cent, the S&P BSE Power Index gained 1.12 per cent and the S&P BSE
Metal Index moved up 0.94 per cen
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